Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


How do major iwi interests fare with Fonterra?

How do major iwi interests fare with Fonterra? asks Maori Party

Dr Pita Sharples and Tariana Turia, Co-leaders of the Maori Party

Friday 16 November 2007

The Maori Party has reacted with caution to the ‘bold, brave plan’ put forward by Fonterra to list on the stock exchange.

“We are interesting in learning how the proposal to change the capital structure will impact on the working lives of the 12,000 Maori working in the farming sector” said Dr Pita Sharples, Maori Party Spokesperson for Economic Development.

“We believe that future prosperity for tangata whenua is tied to the productivity and protection of the whenua – and as such any initiatives which may advance sustainable farming must be considered carefully” said Dr Sharples.

Tangata whenua are major stakeholders in the agribusiness sector, and some Maori agribusiness operations are performing exceedingly well, commercially.

“There are major iwi interests in many successful sheep and cattle farming enterprises” said Dr Sharples. “And we know that Maori trusts, runanga and incorporations are significant shareholders in the Fonterra Co-operative, and it is extremely important to hear from them”.

“As a former dairy farmer myself I know how important it is to be open to all possibilities to achieve growth” said Tariana Turia, Co-leader of the Maori Party.

“We are worried that in seeking a share-market listing the concern is that farmers would lose control to overseas interests or big money interests, and the autonomy of our indigenous market would end up being compromised by foreign control”.

“The key priority for us, will be to be informed by the Maori specific hui which are to be held to discuss the capital share structure” said Mrs Turia.

“Our thinking on the Fonterra fortune will be informed by the interests of Maori and iwi stakeholders, and we look forward to hearing from them, about how their interests will be protected - or not – by the company’s strategy”.

“When the changes have been thoroughly debated and consensus achieved, it is vital that the changes are secured through the process of legislation” ended Dr Sharples.

Hui are being held in Whangarei and Hamilton (26 November); Rotorua and Hawera (27 November) and Christchurch (28 November).


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Elusive Charms Of Christopher Luxon

Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>

Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>

Government: Crown Accounts Reflect Strong Economy Amid Pandemic

The Government’s financial accounts continue to reflect an economy that has performed better than expected, despite the latest Delta COVID-19 outbreak. The Crown accounts for the four months to the end of October factors in the improved starting position for the new financial year... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>

Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>




InfoPages News Channels